Aristeia Capital L.L.C. Purchases New Position in Talos Energy Inc. $TALO

Key Points

• Aristeia Capital L.L.C. acquired 28,241 shares of Talos Energy Inc., valued at approximately $275,000, reflecting growing institutional interest in the company.
• Talos Energy's recent earnings report showed a loss of ($0.27) EPS, slightly beating analysts' expectations, but a 22.7% decline in revenue compared to the previous year.
• Analyst ratings for Talos Energy have varied, with several upgrades and downgrades, leading to an average rating of "Moderate Buy" and a consensus price target of $14.25.

Aristeia Capital L.L.C. purchased a new stake in Talos Energy Inc. (NYSE:TALO - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 28,241 shares of the company's stock, valued at approximately $275,000.

Other large investors have also made changes to their positions in the company. Signaturefd LLC grew its stake in shares of Talos Energy by 571.3% in the 1st quarter. Signaturefd LLC now owns 5,612 shares of the company's stock valued at $55,000 after buying an additional 4,776 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Talos Energy by 360.9% in the 1st quarter. GAMMA Investing LLC now owns 3,194 shares of the company's stock valued at $31,000 after buying an additional 2,501 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Talos Energy in the 1st quarter valued at approximately $98,000. SG Americas Securities LLC grew its stake in shares of Talos Energy by 11.0% in the 1st quarter. SG Americas Securities LLC now owns 67,692 shares of the company's stock valued at $658,000 after buying an additional 6,689 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in Talos Energy by 23.3% in the 1st quarter. Invesco Ltd. now owns 1,382,337 shares of the company's stock worth $13,436,000 after purchasing an additional 260,781 shares during the last quarter. Institutional investors own 89.35% of the company's stock.

Insider Activity at Talos Energy

In other news, Director Paula R. Glover sold 6,159 shares of the company's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $9.69, for a total transaction of $59,680.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.36% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

TALO has been the subject of a number of recent analyst reports. Mizuho decreased their target price on Talos Energy from $12.00 to $11.00 and set an "outperform" rating for the company in a research report on Tuesday, May 13th. Wall Street Zen cut Talos Energy from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Finally, Capital One Financial initiated coverage on Talos Energy in a research report on Monday, June 16th. They set an "overweight" rating and a $14.00 target price for the company. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Talos Energy has an average rating of "Moderate Buy" and a consensus price target of $14.25.

Talos Energy Stock Down 0.5%

Shares of TALO stock opened at $9.43 on Tuesday. Talos Energy Inc. has a 12 month low of $6.23 and a 12 month high of $12.71. The firm has a market cap of $1.65 billion, a PE ratio of -9.72 and a beta of 0.79. The stock has a 50 day moving average of $8.76 and a 200-day moving average of $8.42. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.49.

Talos Energy (NYSE:TALO - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported ($0.27) EPS for the quarter, topping analysts' consensus estimates of ($0.33) by $0.06. Talos Energy had a negative return on equity of 2.34% and a negative net margin of 8.91%.The company had revenue of $424.72 million during the quarter, compared to analyst estimates of $443.53 million. During the same period in the previous year, the company earned $0.03 earnings per share. The company's quarterly revenue was down 22.7% compared to the same quarter last year. On average, equities analysts predict that Talos Energy Inc. will post -0.44 EPS for the current year.

About Talos Energy

Talos Energy Inc, through its subsidiaries, engages in the exploration and production of oil, natural gas, and natural gas liquids in the United States and Mexico. It also engages in the development of carbon capture and sequestration. Talos Energy Inc was founded in 2011 and is headquartered in Houston, Texas.

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